Engineers Labor Union Sheds Queens HQ for $3.7M

Commercial Observer reported last November that a Queens-based chapter of an engineers union was looking to sell its long-time New York home in the Richmond Hill area of Queens. CO has learned that the property, at 115-06 Myrtle Avenue, has sold for $3.7 million.

Forest Hills-based retail and offices property developer Platinum Realty bought the vacant four-parcel property from International Union of Operating Engineers Local 30 yesterday, said Suzuki Capital‘s Colby Swartz, who represented the union along with colleagues Dino Mouzakitis and Thomas Li. David Koptiev, a partner of Platinum Realty confirmed the purchase and the price.

“They were not represented on the transaction,” Swartz said via email.

The site consists of four parcels at the corner of Myrtle Avenue and 115th Street, formerly known as the Richmond Hill Post Office.

They “were bought from 1982 thru 1993 to assemble the current development opportunity,” Mr. Swartz previously told CO.